Business Blog

The Islamic unit of Bank Muscat, Oman's largest lender, plans a dual-currency U.S. dollar and rial sukuk issue worth around USD 300 million that would be the first sukuk sale by a bank in the country.

Barwa Real Estate Group delivered a net profit of QR266m with QR0.68 per share, compared to QR158m and QR0.41 profit per share for the period ended March 31, 2013.

Struggling with the adverse effects on the number of foreign visitors due to the month-long political unrest in the country, Thailand has now embarked on a promotion tour in the GCC (Gulf Co-operation Council) to tap deeper into the affluent Gulf market, an important source of medical and leisure tourists to the country.

Property developer Deyaar Development announced it had registered a strong performance in Q1 of 2014 with consolidated net profits equivalent to Dh52.1 million, a 168 per cent growth from Dh19.4 million recorded during the same period in 2013.

US-based information governance and data migration solutions firm BackOffice Associates and its subsidiary CPM Consulting, which offers SAP enterprise performance management solutions, have opened offices in Dubai to cater the region.

Turnberry, iconic Scottish golf course that hosted one of the sport's greatest duels, has been sold to American billionaire Donald Trump.